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SolarReserve and ACWA Sign PPA for 100MW Solar Thermal Project with Energy Storage in South Africa

As part of the South African Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), a consortium led by SolarReserve and International Company for Power and Water (ACWA Power) have signed a 20-year power purchase agreement with Eskom, South Africa’s public electric utility company, for the Redstone Solar Thermal Power Project.

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ACWA Power closes financing for 61.3MW solar IPP project in Jordan

Saudi energy company ACWA Power announced that the 61.3 MWp Risha PV IPP project achieved financial close on 20th December 2017.The financing comprises senior loans of US$ 22 million from the European Bank for Reconstruction and Development (EBRD) and US$ 16 million each from Deutsche Investitions- Und Entwicklungsgesellschaft Mbh (DEG) and Arab Bank to Risha for Solar Power Projects PSC.

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South Africa Launches R5 Billion Concentrated Solar Power Plant

A 50 MW concentrated solar power plant, built by Saudi Arabia’s ACWA Power-led consortium, was officially inaugurated on Monday in Bokpoort near Upington, the Northern Cape region of South Africa.

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Saudi’s ACWA Power gets $344 mln loan for Dubai solar project

Saudi Arabia’s ACWA Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, chief executive Paddy Padmanathan said on Sunday.

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